Wednesday, September 26, 2007

How Much Charities Should give to the Needy

An article by Peter Panepento in the Chronicle of Philanthropy notes how large nonprofit groups are not giving an adequate amount of funding to areas with large concentrations of poor and minority residents. This was addressed at a hearing at the House Ways and Means Subcommittee on Oversight, which has some jurisdiction over tax policy. Congress has apparently taken up the mantel of trying to determine what the best tax exempt entity policies for distribution are.

Read the full article here

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